Reality capture in construction raised hundreds of millions, but where are the profitable businesses?

In this episode, we had Mo Akbari, ex-founder of HoloBuilder, discussing the state of reality capture technology in construction. We explored funding trends, market dynamics, and the challenges of building sustainable businesses in this space.

Tune in to find out about:

✅ Why reality capture startups struggle to achieve profitability despite significant funding

✅ The evolution of capture technologies and AI's potential impact

✅ Insights on valuation trends and fundraising strategies in construction tech

✅ Key advice for founders building products with high user adoption

Note: This video is a repost from Bricks, Bucks and Bytes.

Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe ---------------------------------

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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

Visit: https://maketheshft.digital

BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

AI is transforming construction tech, but talent and distribution are the real game-changers.

In this episode, we had Jenny Song from Navitas Capital, and we got to learn about their unique approach to investing in construction tech, the critical role of AI talent, and how they evaluate startups... and much more!

Tune in to find out about:

✅ Navitas' focus on value-add investments and long-term relationships

✅ How AI is reshaping construction tech startups

✅ The importance of distribution and defensibility in AI solutions

✅ Why understanding the fragmented construction market is key

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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

Visit: https://maketheshft.digital

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BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

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Timestamps

00:00 Introduction to Navitas and their Focus on the Built Environment

08:13 Interest from Generalist Investors in Construction Tech

15:35 Investment Pace and Philosophy

22:05 Working with Founders and Communication Cadence

24:49 Geographic Focus and Investment Criteria

28:25 Evaluating Startups: Key Factors

33:35 Tech Trends: AI and Embodied AI

35:43 Investment in Document Crunch

42:31 Defensibility of AI Solutions

46:47 The Importance of Talent

51:04 Tech-Enabled Operators in Construction

55:56 Ideal Exits: Acquisitions and IPOs

59:57 Common Mistakes in Investing in Construction Tech

Construction tech is booming, but adopting it remains a challenge. Why?

David Rockhill from McKinsey shared some eye-opening insights on our latest episode.

He explained how the industry has changed in the last 6-7 years, with tech now tackling on-site issues - the biggest value pool in construction.

He also revealed how AR and VR are transforming construction worker training, making it faster and more effective than ever before.

We discussed:

✅ The updated McKinsey productivity curve (coming soon!)

✅ Why "pilot purgatory" hinders tech adoption

✅ How AR/VR and digital twins are revolutionizing worker training

✅ McKinsey's AI tool "Lily" that's transforming knowledge management

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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe

-----------------------------

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Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg

Instagram: https://www.instagram.com/bricksbytes/

------------------------------

This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

Visit: https://maketheshft.digital

------------------------------

BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

------------------------------

Timestamps:

00:00 - Intro

04:02 - Main Reasons for Less Productivity In Construction

06:10 - David's Journey Into McKinsey

16:30 - Trends that David sees In Construction Industry

24:25 - David's Perspective on Robotics

34:56 - Process That Corporations Customers Should Follow

40:00 - How David Picks The Best Solution

45:14 - Problems That Innovation Heads Have

49:35 - Future of Software in AEC

01:05:48 - Outro

What if the next construction tech unicorn is bootstrapped and uses AI to revolutionize how we design buildings?

Rohan from Joyst, a bootstrapped AI company, shows it's possible in the construction proposal space.

In our latest Bricks and Bytes monthly recap, Owen and Martin break down July's most fascinating developments in construction technology, featuring conversations with industry leaders.

Tune in to discover:

✅ Bernardo Gamboa's take on Latam's unique construction tech ecosystem

✅ Amir Berman (BuildDots) on effective go-to-market strategies for startups

✅ Rohan from Joyst and Shar from Firmus on AI in construction documentation

✅ Dev from NPLAN on innovative pricing models in construction tech

Listen now to hear our insights on July's biggest industry shifts.

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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe

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00:00 Parenting and Catching Up

02:09 Project Tensions in Construction

05:12 The Need for a Single Solution in Construction Tech

08:33 Exploring Robotics in Construction with Bit Builders

10:01 Go-to-Market Strategies and Value-Based Pricing in Construction Tech

13:16 Updates on the Podcast Network

"AI will transform AEC so much, we won't have the same industry in 5-10 years."

In this episode, we had Britton Langdon (SnapTrude) and Clifton Harness (TestFit) share their views on construction tech's future. We explored AI's impact, robotics in construction, and new ways to assess land deals.

Britton, with his background in founding and selling M Suite, shared insights on AI's practical applications in construction.

Meanwhile, Clifton, driven by his developer father's challenges, explained how TestFit is revolutionizing land deal assessments.

Tune in to find out about:

✅ How AI might lead to more small architecture firms, not fewer

✅ Why some think robotics, not AI, will solve construction's biggest problems

✅ A unique take on why 3D printing might be better suited for the moon

✅ How new software is changing the way developers choose building sites

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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe

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Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg

Instagram: https://www.instagram.com/bricksbytes/

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00:00 - Intro

01:17 - Discussion on Automated Progress Tracking & Integration and Collaboration With Britton

11:42 - Discussion On Generative Design & Robotics and AI with Clifton

In this episode, Amir Berman of Builddots challenges the status quo in construction technology. We explore how AI and data are silently revolutionizing the industry, despite widespread skepticism.

Berman shares lessons from his failed startup, proposing controversial new models for ROI and product management in construction tech. We delve into the clash between digital solutions and physical realities, and uncover strategies to bridge this divide.

Berman's insights on Performance Driven Construction Management hint at a future where data, not intuition, drives decisions.

As AI begins to automate traditionally human-centric processes, we confront the implications for the workforce and the industry's future. Prepare to have your assumptions challenged.

Tune in to find out about:

✅ Why old ways of tracking progress might be costing you money

✅ The hard truth about getting value from construction tech

✅ How AI spots delays before humans can

✅ Why your project data might be useless without the right tools

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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe

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00:00 - Intro

02:12 - Lessons From Starting & Failing A Startup

08:15 - Innovation Happening In London In Construction

10:42 - Measuring ROI in Construction

12:45 - Product Management in Construction vs Other Industries

15:31 - BuildDots: Progress Tracking and Data Modeling for Construction

36:30 - Capturing and Utilizing Performance Data

38:08 - Creating Data Standards for 4D

38:37 - The Power of Productivity Data

41:42 - Innovation and Continuous Improvement

48:35 - Showcasing Value through Case Studies

51:51 - Go-to-Market Strategies in Construction Tech

56:15 - The Challenge of Creating a Clear ROI Formula

59:33 - The New Layer Strategy: Performance-Driven Construction Management

01:06:42 - Charging Based on Construction Volume

Is Latin America the next frontier for construction tech?

In this episode, we had Bernardo Gamboa, Partner at Global Projects Strategy, who shared fascinating insights into the construction tech landscape in Latin America.

Tune in to find out about:

✅ The unique challenges and opportunities in the Latin American construction market

✅ How financial solutions are driving tech adoption in the region

✅ Why US companies struggle to expand into Latin America

✅ The exciting potential for AI and data-driven solutions in construction

------------------------

Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe

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00:00 - Intro

00:41 - Background of Bernardo

3:45 - About BuildTech

06:47 - First Mover Advanatages That Bernardo Had In Latin America

11:30 - Examples Of Big Companies In Latin Amrerica

14:04 - Construction Tech Scenarios In Latin America

15:40 - Labor Shortage In Latin America

22:37 - Key Areas Of Investments For Bernardo

30:26 - Understanding Construction In Latin America

35:00 - Challenges In Integrating New Technologies In Construction In Latin America

39:00 - Things That Bernardo Looks Before Investing

48:50 - Future Of VC Culture In Latin America

59:20 - What Excites Bernardo About The Future Of Construction In Latin America

01:04:18 - Outro

In this month's Bricks & Bytes roundup, We discuss the latest trends and insights from the episodes we released in June.

We discussed how Altaf's persistence led SnapTrude to success after 8 rejections

and why Shubhankar sees huge potential in India's efficient startups and much more!

We also shared about the future plans we have with Bricks and Bytes!

Tune in to find out about:

✅ Why robotics and design tech are the hottest topics in construction right now

✅ How we are expanding into a podcast network with specialized shows

✅ The surprising lessons from a modular construction startup's $10 million failure

✅ Why "outcome as a service" could be the next big thing in construction robotics

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04:00 - What Happenned In Bricks & Bytes This Month

05:40 - Discussing Modulous Breakdown

11:30 - Future Vision and Plans of Bricks and Bytes

20:00 - Views On Accelerators & Incubators

27:10 - 1st Episode Of Bricks, Bucks & Bytes

30:43 - Plans For Next Month